Technology Select Sector SPDRClose $199.81EOD only
Max Pain
$190.00
Next expiry Oct 9, 2026
Expected Move
±$2.27
1.1% from close
Price Gap
-9.81
Distance to max pain
IV Rank
19
Low premium
P/C OI
1.71
Slightly put-heavy
Consensus
—
No reports available
Published snapshot: Oct 2, 2026 close
End-of-day snapshot
This page reflects XLK options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — XLK
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $190.00 (9.81 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$190.00
Nearest expiry
Expected Move
±$2.27
±1.1%
Days to Expiry
7
Calendar days
Total Call OI
3,983
Nearest expiry
Total Put OI
6,571
Nearest expiry
P/C OI Ratio
1.65
Put-heavy
Spot Price
$199.81
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$185.00
9/25/2026, 11:34:20 PM
2026-10-02Updated
$187.00
10/2/2026, 11:34:50 PM
2026-10-09Next
$190.00
10/2/2026, 11:34:50 PM
2026-10-16
$191.00
10/2/2026, 11:34:50 PM
2026-10-23
$191.00
10/2/2026, 11:34:50 PM
2026-10-30
$190.00
10/2/2026, 11:34:50 PM
2026-11-06
$190.00
10/2/2026, 11:34:50 PM
2026-11-20
$190.00
10/2/2026, 11:34:50 PM
2026-12-18
$180.00
10/2/2026, 11:34:50 PM
2027-01-15
$160.00
10/2/2026, 11:34:50 PM
2027-03-19
$190.00
10/2/2026, 11:34:50 PM
2027-04-16
$180.00
10/2/2026, 11:34:50 PM
2027-06-17
$150.00
10/2/2026, 11:34:50 PM
2027-09-17
$185.00
10/2/2026, 11:34:50 PM
Selected expiration: 2026-10-09 at max pain $190.00.
XLK pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
100
0
55403350
55403350
115
1500
45546850
45548350
130
7500
35690350
35697850
145
21000
25835350
25856350
150
25500
22650350
22675850
160
34500
16358350
16392850
165
39500
13231350
13270850
169
71900
10746150
10818050
170
80000
10132450
10212450
171
88100
9523350
9611450
172
101900
8921750
9023650
172.5
108800
8621450
8730250
173
115700
8321300
8437000
174
129500
7722300
7851800
175
143300
7131200
7274500
176
157100
6558900
6716000
177
170900
5988600
6159500
177.5
177800
5704100
5881900
178
185450
5420000
5605450
179
203850
4861000
5064850
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.